Raise The Roof Academy
Raise The Roof Academy shows consistent revenue growth but has operated at a deficit in the last two fiscal years.
EIN: 208231560 · Nashville, TN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $257K |
| Transparency Score | 88/100 |
Is Raise The Roof Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Raise The Roof Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Raise The Roof Academy
Raise The Roof Academy (EIN: 208231560) is a nonprofit organization based in Nashville, TN, classified under NTEE code X20. The organization reported total revenue of $1.2M and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raise The Roof Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raise The Roof Academy is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 43.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-135,505 |
| Total Assets | $264K |
| Total Liabilities | $7K |
| Net Assets | $257K |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Raise The Roof Academy reported a deficit of $136K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Raise The Roof Academy's revenue has grown at a compound annual growth rate (CAGR) of 43.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +8.9% | -33.2% |
| 2022 | +28.2% | +82.7% | -31.0% |
| 2021 | -1.7% | -0.3% | +44.4% |
| 2020 | -10.2% | -25.8% | +90.8% |
| 2019 | +19.1% | +14.9% | +28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Raise The Roof Academy with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Raise The Roof Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $136K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $1.2 million in annual revenue. This suggests either a fully volunteer leadership or compensation structured in a way not reported as officer compensation on the 990, which enhances the perception of resources being directed to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Raise The Roof Academy's IRS 990 filings:
- Operating at a deficit for two consecutive years (2022 and 2023), with expenses exceeding revenue by $157,047 and $135,505 respectively.
- Significant decrease in assets from $573,194 in 2021 to $263,947 in 2023, potentially due to covering operating deficits.
Strengths
The following positive indicators were identified for Raise The Roof Academy:
- Consistent revenue growth, reaching over $1.2 million in 2023.
- Reported 0% officer compensation across all filings, indicating a strong commitment to directing funds to programs.
- Very low liabilities, at $7,150 in 2023, suggesting sound financial management of debt.
- Long filing history (13 filings) demonstrates sustained operation and compliance.
Frequently Asked Questions about Raise The Roof Academy
Is Raise The Roof Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Raise The Roof Academy (EIN: 208231560) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Raise The Roof Academy spend its money?
Raise The Roof Academy directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Raise The Roof Academy tax-deductible?
Raise The Roof Academy is registered as a tax-exempt nonprofit (EIN: 208231560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Raise The Roof Academy CEO make?
Raise The Roof Academy's highest-compensated officer earns $1.2 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Raise The Roof Academy's spending goes to programs?
Raise The Roof Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Raise The Roof Academy compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Raise The Roof Academy is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Raise The Roof Academy located?
Raise The Roof Academy is headquartered in Nashville, Tennessee and files with the IRS under EIN 208231560. It is classified under NTEE code X20.
How many years of IRS 990 filings does Raise The Roof Academy have?
Raise The Roof Academy has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is Raise The Roof Academy a good charity?
Based on the available data, Raise The Roof Academy appears to be a good charity. It demonstrates consistent revenue growth, very low liabilities, and a reported 0% officer compensation, suggesting a strong commitment to directing resources towards its mission. However, it has operated at a deficit in the last two years, which should be monitored.
Why is officer compensation 0%?
The IRS 990 filings consistently report 0% officer compensation. This could mean that the organization's leadership is entirely volunteer-based, or that their compensation is categorized differently within the expense structure, such as program staff salaries, rather than as officer compensation.
What caused the decrease in assets from 2021 to 2023?
Assets decreased from $573,194 in 2021 to $263,947 in 2023. This decline coincides with the organization operating at a deficit in 2022 and 2023, where expenses exceeded revenue, likely drawing down on reserves or assets to cover operational costs.
Filing History
IRS 990 filing history for Raise The Roof Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Raise The Roof Academy's revenue has grown by 7562.1%, moving from $16K to $1.3M. Total assets increased by 14213.8% over the same period, from $2K to $264K. Total functional expenses rose by 22418%, from $6K to $1.4M. In its most recent filing year (2023), Raise The Roof Academy reported a deficit of $136K, with expenses exceeding revenue. The organization holds $7K in liabilities against $264K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $257K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $264K | $7K | — | View 990 |
| 2022 | $1.1M | $1.3M | $395K | $4K | — | — |
| 2021 | $879K | $703K | $573K | $3K | — | View 990 |
| 2020 | $894K | $705K | $397K | $3K | — | — |
| 2019 | $995K | $951K | $208K | $3K | — | View 990 |
| 2018 | $836K | $828K | $161K | $392 | — | View 990 |
| 2017 | $651K | $619K | $130K | $0 | — | View 990 |
| 2016 | $477K | $477K | $98K | $0 | — | View 990 |
| 2015 | $309K | $298K | $98K | $0 | — | View 990 |
| 2014 | $524K | $463K | $86K | $0 | — | View 990 |
| 2013 | $269K | $243K | $26K | $0 | — | View 990 |
| 2012 | $83K | $76K | $3K | $4K | — | View 990 |
| 2011 | $16K | $6K | $2K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $264K (revenue +12.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $395K (revenue +28.2% year-over-year).
- 2021: Revenue of $879K, expenses of $703K, and assets of $573K (revenue -1.7% year-over-year).
- 2020: Revenue of $894K, expenses of $705K, and assets of $397K (revenue -10.2% year-over-year).
- 2019: Revenue of $995K, expenses of $951K, and assets of $208K (revenue +19.1% year-over-year).
- 2018: Revenue of $836K, expenses of $828K, and assets of $161K (revenue +28.4% year-over-year).
- 2017: Revenue of $651K, expenses of $619K, and assets of $130K (revenue +36.4% year-over-year).
- 2016: Revenue of $477K, expenses of $477K, and assets of $98K (revenue +54.3% year-over-year).
- 2015: Revenue of $309K, expenses of $298K, and assets of $98K (revenue -40.9% year-over-year).
- 2014: Revenue of $524K, expenses of $463K, and assets of $86K (revenue +94.3% year-over-year).
- 2013: Revenue of $269K, expenses of $243K, and assets of $26K (revenue +226.3% year-over-year).
- 2012: Revenue of $83K, expenses of $76K, and assets of $3K (revenue +401.2% year-over-year).
- 2011: Revenue of $16K, expenses of $6K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raise The Roof Academy:
Data Sources and Methodology
This transparency report for Raise The Roof Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.